In a market like Myanmar that contributes a marginal portion to Southeast Asia’s private equity (PE) deal value and volume, one of the nation’s few PE firms Delta Capital has deployed its first vehicle fully and is well on its way to raise $50 million for the second one by July — an indication that PE investment activity is slowly but surely picking up in the country.
The 2013-founded firm has fully invested in five companies out of its first fund, a $50 million Myanmar Opportunities Fund 1 that started investing in 2014. Later, the success with its first vehicle led the firm to double the size for its second vehicle, Fund II, to raise $100 million. For the firm, the ticket size for the each investment ranges between $5 million to $20 million.
